Dubai, UAE — Coral, a pioneering climate tech startup based in the UAE, announced today the successful closure of its $3 million seed funding round. The round was led by a group of experienced tech investors, boasting a combined 40 years of expertise in the sector.
Innovative AI-Driven Platform for Carbon Management
Coral offers an AI-powered platform designed to streamline carbon data collection, footprint evaluation, reporting, and offsetting into a single, comprehensive system. Its innovative technology enables businesses to effectively manage their carbon emissions and seamlessly integrate one-click carbon offsetting into e-commerce platforms. This solution empowers consumers to opt for more sustainable shopping experiences while allowing companies to provide transparency in their climate impact.
Coral’s blockchain backend ensures full traceability of carbon credits and real-time auditability of offsets, fostering trust and transparency in carbon offset transactions.
“We are thrilled to have completed our seed round and are grateful for the support from investors who share our vision for a sustainable future,” said Daniele Sileri, Director of Product and Strategy at Coral. “This funding will allow us to scale our platform, expand our team, and accelerate our mission to make carbon neutrality accessible and transparent for businesses worldwide.”
Strategic Partnerships and Growth Plans
Coral has already established significant partnerships, including a collaboration with Nissan, providing carbon footprint calculations and offsetting solutions for their Formula E team since last year. Coral’s Emissions Management System (EMS) is live and onboarded with several corporate clients, further solidifying its position in the carbon management sector. The company has also formed alliances with international climate organizations to enhance its offering.
Juergen Hoebarth, Director of Operations and Research at Coral, emphasized the platform’s real-world impact. “Our platform sets itself apart by implementing AI and blockchain as core components that enhance the customer experience. We’re proud to show how these technologies simplify data collection, analysis, and reporting, delivering genuine value to our users. With the carbon market expected to grow exponentially by 2030, Coral is in a prime position to help organizations meet their sustainability goals.”
Following the funding, Coral plans to expand its operations by opening a new office in Abu Dhabi and scaling up its team to reach a broader customer base.
About Coral
Coral is a UAE-based climate tech startup revolutionizing carbon emissions management for businesses through its AI-driven platform. The software simplifies complex emissions tracking, reducing the time required by up to 95% and minimizing reliance on costly external consultants. Coral’s transparent reporting and expert-curated carbon credits offer businesses peace of mind, with complete traceability via blockchain. Additionally, Coral’s Carbon Offset API allows companies across industries—such as e-commerce, tourism, and utilities—to integrate real-time offsetting into their platforms. With offices in Dubai and soon in Abu Dhabi, Coral is committed to making sustainable practices more accessible and efficient for businesses worldwide.
